Proof The Bible Is True

 11/16/19

“The biggest debt bubble in world history will produce the greatest depression in world history when this bubble pops. The only unknown is when this pop will occur.” Admin

Global debt hit a record high of over $250 trillion in the first half of this year, led by a surge in borrowings in the U.S. and China, according to a new report.

The report, released by the International Institute of Finance (IIF) on Thursday, showed that global debt surged by $7.5 trillion in the first six months of 2019. The IIF said the overall number hit $250.9 trillion at the end of this period, and will exceed $255 trillion by the end of 2019.

“China and the U.S. accounted for over 60% of the increase. Similarly, EM debt also hit a new record of $71.4 trillion (220% of GDP). With few signs of slowdown in the pace of debt accumulation, we estimate that global debt will surpass $255 trillion this year,” the IIF said in the report.

Read More: Global debt surges to $250 trillion – US and China in the lead — Puppet Masters — Sott.net